Makes mining machines incorporating ASIC technology for Bitcoin consumers.
Dec 2025Revenue $530M/yrExpenses $642M/yr
No trendCash runway ≈ 3 months from Dec 2025
Figures by year
When will Canaan be profitable?
Its figures don’t show a steady enough trend to project a date. In the 12 months to Dec 2025, revenue was $530M and expenses $642M.
| Fiscal year to | Revenue | Expenses | Operating profit |
|---|---|---|---|
| Dec 2025 | $530M | $642M | −$112M |
| Dec 2024 | $269M | $496M | −$227M |
| Dec 2023 | $211M | $622M | −$411M |
| Dec 2022 | $652M | $609M | $42.9M |
| Dec 2021 | $773M | $490M | $283M |
| Dec 2020 | $68.6M | $108M | −$38.9M |
When the cash runs out, on the chart. A red line at the date the company’s cash would run out at its latest burn, so you can see whether it gets to break-even first. Part of a subscription.